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Generational Opportunity to Acquire Multi-Housing Property in Tampa

Monday, May 20, 2019

Holliday Fenoglio Fowler, L.P. (HFF) is marketing a 235-unit, newly constructed, uber-core high-rise community for sale that is prominently situated on Harbour Island, an exclusive enclave near the heart of Tampa’s rapidly growing downtown. 500 Harbour Island’s exceptional physical and locational traits make it the highest-quality and best-located asset in the Tampa Bay market. Moreover, 500 Harbour Island cannot be replicated since no other equal exists, and the cost to reproduce an asset of this stature may not be economically viable.

In addition to being the asset that will reign for years to come as the premier address in the region, 500 Harbour Island stands to benefit from the rapid development of downtown Tampa, which is experiencing a renaissance unlike any other city in the Southeast U.S. Major drivers of growth in downtown Tampa include the completion of the Riverwalk, the addition of several museums, new parks and the development of the $3-billion, mixed-use Water Street project, all of which are a short walk from the property.

With its unbeatable location in a rapidly ascending market, its uniquely differentiated product, and the best demographics in the market, 500 Harbour Island offers core investors an asset that promises to deliver durable cash flow, as well as significant upside potential.

Multi-Housing Community for Sale Investment Highlights

Tampa’s No. 1 most desirable location

Exclusive location on Harbour Island, ranked as the No. 1 neighborhood in Florida

Large, condo-style units with best-in-class finishes and two floors of penthouse units with upgraded appliances and wine fridges

High barriers to entry and rapidly diminishing supply pipeline

Booming growth of downtown Tampa

Excellent resident demographics with $226,000 average annual household income at the property